§ 18-4.1-11. Distribution of conversion fee — Selection of a charitable organization by superior court.
Any conversion fee shall be awarded by the superior court to an existing or newly formed legal entity that is a nonprofit corporation organized under chapter 6 of title 7, is exempt from taxation under Section 501(a) of the United States Internal Revenue Code as an organization described in Section 501(c)(3) of such code and has as its primary purpose to promote and/or operate public radio stations in Rhode Island.
History of Section.
P.L. 2005, ch. 211, § 1; P.L. 2005, ch. 369, § 1.